While Sensex was trading 1,133.63 points lower at 38,612.03, Nifty was down 339.90 points at 11,293.40. India VIX, the measure of markets expectation of volatility over the near term, surged 24.43% to 22.105 points in opening trade on NSE.

Budget 2020: An increase in fiscal deficit target in view of the ongoing economic slowdown may not negatively impact the market since elevated level of expenditure is expected to result in higher demand in Indian economy

As the year draws to a close, the debt market has seen a net inflow of nearly Rs 27,000 crore by FPIs, while a further amount of Rs 9,000 crore found its way to the hybrid instruments, shows the capital market data compiled by depositories